The Pomp Podcast
#1295 Raoul Pal on Bitcoin, Ethereum, Solana & Macro Environment
Jan 16, 2024
Raoul Pal, Co-Founder & CEO of Real Vision and writer of 'Global Macro Investor' discusses the Bitcoin ETF, Ethereum, Solana, macro environment, and his 'Everything Code' thesis. He explores the behavior of capital in Bitcoin ETFs, the debate between Ethereum, Solana, and other emerging challengers, and the tokenization of assets and institutional involvement in the crypto space.
50:57
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Quick takeaways
- The approval of the Bitcoin ETF has the potential to bring more stability and attract long-term investors, while the impact on liquidity and interest rates is yet to be determined.
- NFTs have the potential to revolutionize ownership by unlocking trapped capital in various areas and tokenizing different assets.
Deep dives
Bitcoin ETF and Market Digestion
The recent approval of the Bitcoin ETF has sparked interest, but the initial price drop is likely due to the overhang from GBTC. It will take time for the market to digest the demand brought forward by the ETF, and the full impact of the ETF flows on liquidity and interest rates is yet to be seen. The ETF could bring more stability to the market and attract long-term investors.
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